the government this is not doing their job properly look at what in the note obama who want people to wake up otherwise we'll just become slaves to the system who want to be treated as humans and they believe they can make a difference. the government has to change things because they don't have a choice. with greece in shambles and neighboring portugal trashed by the rating agencies spain is facing not just a financial but a deepening social crisis members of the so-called indignant marches say they want their dignity preserved but whether their calls will be heard is another issue even those madrid. you know there's more bad news for greece as well its credit score has dropped to just one notch above default following last week's second bailout package ratings giant moody's says rejecting the debt implies a substantial losses to private investors financial journalist found over it felt

it said that the rescue package is nothing more than banks paying money to other banks. we're bailing out the banks and we wouldn't be that soft i presume with greece if there wasn't the problem of the french and the german banks not only of these two countries but of course they are the major players in this if they were in that role of the greek situation indeed we are throwing money at the banks through greece this package will certainly not help the greek economy the greek economy needs growth and since you're in the midst of a very bad recession you're blige a country to cut spending to increase taxes then throwing some money at it is not the solution greece is now effectively in default because if you calculate on the net present value what private bond holders will given you amount to a value reduction of you come to a value reduction of around twenty percent in europe we don't have

a political union and we don't we certainly don't have flexible labor markets so from the beginning. there were huge weaknesses in the whole construct of the monetary union in europe and my big surprise is that it has lasted ten years before through this kind of crisis these weaknesses came to the surface. and on the other side of the ocean american politicians are still tussling over how to raise the country's debt ceiling while republicans and democrats argue secretary of state hillary clinton has been trying to calm nervous asian investors that they will meet next week's that line but economic analyst and martin headachy says it's already too late. the united states is essentially bankrupt in any case if they increase their debt ceiling actually as the a chinese rating agency dugong has been saying even if they find an agreement and they increase the debt ceiling well what is going to be as a result more debt so if the u.s.

has thirteen point five trillion of dead and that starts the nomination of their budget it's not even the fiscal gap including all the unfunded liabilities that the united states government actually keeps of the books and if you include this figure real looking at two hundred trillion us dollar of it's absolutely beyond control and all timidly it appears that the united states will be facing a sovereign debt crisis very much along the lines of the so-called pigs the european periphery as a bit also the other european supposedly stronger countries soviet specter a major major sovereign debt crisis from the major western countries and we suggest that the investor should stay out of that region and look for a look for gold through our commodities top to head for protect against what's going to occur there's a lot of talk always in the rest of odds the dangers of china china's military growing and how much of a risk this poses to asia and the rest of the go but if you're looking at how much the united states is spending on military affairs there's china it's totally

disproportionate the u.s. is spending a lot more the only difference is the u.s. is doing that is borrowed money and they can't afford it so you have to and so on. and there's so much more to come here on the program including whether there's a one sided justice on war crimes so the last suspect is at the hague we take a look at why many served by the process. lethal fix from the pharmacy r.t. reports on the russian addicks painfully killing themselves with a drug store cocktail because it's cheaper than. the king of norway has led a deeply moving minute of silence for the ninety three victims killed in the for. twin attacks the scandinavian country has been shaken by the bombing of government buildings in oslo and the massacre at island youth camp the tragedy has also touched the royal family the crown princess of norway's step brother was one of the first victims gunned down at the camp the man who committed both atrocities has

been charged with terrorism and when i'll be held in isolation for four weeks thirty two year old and as a pretty big pleaded not guilty saying he wanted to save europe and send a strong signal you are playing but there were two more cells in the organization he belongs to an investigative journalist tony gosling believes there's a new kind of terrorism on the rise. anders breivik thought he was some kind of teutonic knights from medieval times because he's echoing the kind of crusader attitude that it's a very strange version of christianity that he. is he says he's a christian i don't think he is maybe the same kind of strange version of christianity that bush and blair have been coming out with over the last ten years or so so i think that this is actually the tip of an iceberg is actually quite a lot of this neo nazi activity out there and now i think the antiterrorist or thought is right across the world we're going to have to take this brand of

terrorism much more seriously and particularly worrying is that he was a freemason and but even as declared that he was a freemason i would imagine that the norwegian police are now going to be talking to all the other members of any masonic lodges that he was in because this seems to be the place where this kind of fake christian rather nasty racist ideology was cooked up i would also add that it was interesting that the police said they never come across him before the norwegian police but i wonder very much i wonder if the secret service in norway has been watching him because it was very strange that when he was first arrested on friday the police actually called out his name to him now it was very i would be amazed if they would have actually known as they first approached him what his name was i would have thought that from the arrest point that's where the investigation would have started from. well those are private claims that he wanted to change in society apparently referring to the country's large muslim population social experts think the tragedy might now force norwegians

to reconsider the immigration policies i think what this did is it really highlighted the immigration i don't want to call it a problem i want to call it you know immigrant reality these huge influx of immigrants coming into norway and you're oddly you know most this in the bottom most of norwegians probably didn't know that i was twenty five percent immigrants who were friday they do a lot more of those statistics now i think you're going to be you know people saying well gosh this guy was created lunatic but we have another pretty serious problem ensues the prime minister you know specifically in the labor party generally did a great job you know comforting the nation those twenty four hours were haptic they were you know terrifying they did a great job comforting the nation here's the issue we people hearing more a great word with a leader pretty good we have to do in norway is you know i don't think that the extent concern to people who are nervous about the immigrant population you know

this whole lot some of the more extreme groups you know these extreme views if that makes sense and adopt them into their own platform and say look you know the average joe q. boder we understand your concerns about this issue but we think norway had it in great interaction here is why so instead of me energy and you know governing through fear they have to adopt some of those you know who are sort of jingoistic policies but also to present you know a more positive view of norway or. public a policy expert there margaret a broker you for talking to us from chicago. the last fugitive wanted by the u.n. war crimes tribunal is to appear in court later on monday. faces fourteen charges including crimes against humanity during the balkans war in the one nine hundred ninety s. so being officials hope that his arrest will clear the way to you membership but as sara furthur reports many serbs remain skeptical as to whether it's worth joining at all. so far the tribe you know has indicted one hundred sixty one people and

most of days have been surges and there's been a fair amount of criticism for certainly from the public opinion he he the hague tribunal is acting with political and not necessarily legal interest there's also strong public opinion here that will do the government very much looks to the west that people have really didn't feel anymore like joining the e.u. is necessarily going to be in their school their country's interest they only have to look to greece to italy to spain to see that joining the membership is not the answer to a country's problems in fact in many cases it could quite potentially bring many more and yet is something that we still see the serbian government really pushing for now a lot of people saying that really. the holding to brussels wishes they were supported by brussels when this government was put in place because the parliamentary elections next year and elections the year after that they certainly they're going

to be using the arrests and the certainly going to be using the candidacy for the if that ends up happening as a reason for the public to vote for them now that remain a number of obstacles in the way nonetheless one of those tools is that now we know a lot of the member states will be pushing the serbia to acknowledge close this independence as they have here with in serbia that is extremely unpopular with the public opinion and we've had to do that for any government to come out and make that agreement would be political suicide. for supporting right that it's you with. thirteen minutes past the hour in the shadow of nine eleven and you are symbolic on a mission to root out terrorists but it led to a network of secret prisons and seizing suspects often without much evidence after years of torment. many of those accused have since been released well later this

hour here on oxy we hear from one former inmate about the brutality that he had to endure. i saw many people got killed. so. i was one of those who survived those kind of closure on myself they used electroshocks because i will not sign papers and. i was forced to agree that i'm the member of you want to go and i was. even really i didn't know at the time what used to be when they are. gone i said i'm not a member of them and they brought me papers to sign i refused and. they forced me to sign make you sign by. electroshocks in other times the force of the water treatment it's normal on the water boarding another time they hang on chains i had chains on my hands and i was hanging on the ceiling there was

pulling me on the ceiling with a chain and you into my feets used to be over the floor in. no clothes on so i was hanging there for many days then the interrogator came he pulled me back down and he going to sign on out every time when i said no he just made like this and they pulled me back up. and you can watch the full interview in about fifteen minutes time right here on c well you can also catch it online at all to dot com there's also more on all the stories we're covering let's check out some of the items that you can discover today on our web site american combat for corporate in iraq the troops are finally leaving but they're being replaced by private contractors for sure in the u.s. . and getting it over the prime minister and these. rather scantily clad publishers display their devotion to of lot of my prudence

a love of their cause so you'll be able to see on our autumn view to kind of this is not the first time young women have shown support by shutting their clubs. it's easy to. download the official policy allocation giong phone called touch from the.

video. all t's mine. and r.s.s. feeds now in the palm of your. machine on the dot com. if you live from moscow to i would have recovered all of the bodies now from the russian pleasure boat in the volga river two weeks ago of the two hundred one people on board the ship one hundred and twenty two were killed the bulgaria has been raised from the riverbed and it's been a total shallow waters where investigators can piece together the ship's final moments to discover how the tragedy occurred it will then be destroyed so that no part of it can ever be used again. went down in just three minutes only seventy nine people managed to escape the captains of two vessels that sailed by the same ship face criminal charges for passing by without stopping to help. or now let's get to some other world news for you this hour here on r.t. five afghan children have been injured in an attack by

a british apache helicopter they were working in a field in helmand province on saturday where you can forces were targeting an insurgent on a motorcycle nearby and their injuries are not thought to be life threatening almost fifteen hundred civilians meantime have been killed this year which is already the deadliest since the war started in two thousand and one. the syrian government adopted a law to allow political parties other than the ruling ba'ath party opposition groups have been banned for almost half a century. party political system is a key demand of the anti-government protesters who have been staging a four month uprising the army is still coming down hard on dissent against the regime though detaining scores of people in the capital and in its suburbs. the new york hotel maid who accuses the former i.m.f. chief of sexually assaulting her has gone public now. has told newsweek magazine that she's telling the truth about the attack in may i want to see dominique

strauss kahn behind bars the authorities are considering meantime whether to drop the charges against him and the credibility meantime denies or the charges. hundreds of gay couples got married in new york on sunday the american state has become the sixth and the most populated to recognize same sex unions i do it began at midnight to the cheers and the applause of friends and family meanwhile thousands condemn the weddings at rallies all across the state. heroin addicts in russia turning to a cheaper deadlier alternative and its ingredients are all too easy to get ahold of the drug cocktail known as crocodile and its main element is the painkiller coding it's now or the government is trying to restrict sales of you've got a report on the lethal narcotics increasing use and you may find some of the images upsetting. if they call it a crocodile because it's use

a skin term scaly before it falls off virtually unknown ten years ago it's a mixture of petrol solvents phosphorous and most importantly cheap medicines containing the pain killers it's now become rich the second most popular drug after heroin which the cheaper and more easily available alternative injecting this lethal cocktail will rot a user's flesh in months most die within three years i've only been using it for two months i wish i never started. the governments come up with a simple solution. for now i can still buy code being containing drugs off the shelf but for next year on words i'll need a prescription to do that statistics show that nearly half of russians use these drugs on a regular basis the vast majority of them for completely legitimate reasons so in their fight against drugs is the government going too far as of throwing the baby out with the bath water. coding is sold over the counter in most western countries

but its sales have doubled in russia in five years and many say this is not a coincidence i think it was a mistake to start selling codeine without a prescription in the first place by making it the most easily available opiate it's warm this problem yet expert opinion has been divided some believe that this doesn't do enough to tackle the social causes of addiction and punishes innocent consumers. there is no efficient system in the country for issuing prescriptions so the people who will suffer for the ordinary pensioners and housewives who need those medicines. the drugs then in the moscow suburbs we came here to ask what the users themselves think about the new law. i don't believe it would change anything those who want to take drugs will take drugs we will buy them from the right pharmacies and if we don't get them to use something else we will always have something to inject either of nerve artsy.

coming up shortly here with former inmate shares his experience of the notorious prison that ruined his life but first though this hour's business update with kareena after a short break. hungry for the full stop we've got to. the biggest issues get the human voice face to face with the news makers. in india also is available in the movie goer to join the hotel rooms a movie that's the gateway to the grand imperial. tours west coast coromandel you can go with hotel close with your hotel so don't need to go park her brother said the colonel was her turn to retreat. our welcome to our business report here in r.t.

russia's economy looks good the g.d.p. has returned to pre-crisis levels exports and imports are reaching new highs salaries are up and deposits have doubled since the beginning of two thousand and eight however analysts believe it's still too early to celebrate with the economics ministry saying post-crisis recovery is being driven by state investment now i'm joined by alexander if you vote for me to the capital thank you alexander for coming to the program now what are the key risks for russia economy apart from fluctuations in all price hike we are really concerned with deteriorating in my crystal belittle let's put it this way particularly with this go because of in the past here anyhow the government has committed to a lot of extra spending particularly on social. social welfare and. the decision to postpone the no no budget deficit to two thousand and fifteen is if they can say so but do you think high oil prices are enough to support sustainable

growth in the russian economy well as the first half and the first six months of this here have shown their answer is no it's not enough that russia needs innovation that it needs investment to go. and there's still a trade up we see the trade go up which some experts suggest could lead to what we will devaluation after the presidents presidential elections what are your thoughts on that. i think the. current account is going to be a balanced if oil price stays here it's going to be balanced maybe and of next year but i would say that if it's immediately going to lead to a bull devaluation it's the ruble will be more balanced i would say and it will be driven by fluctuations in the capital account and this has been actual this has been the case for the last year or so we've seen that already basically in the economy so but still the president's drive i mean we see that the president wants to limit state involvement in some sectors of the economy is that good or bad for

chicago me you know well investors would really welcome me for the government to the limit its role in the economy particularly many experts mention that the pressure is missin the middle sized enterprises which usually drive gross and this is because there is a very high competition with food on. what is your forecast for inflation. after the you know seasonal factors and in september where you think the inflation go up to stay and we think that it will wreak salary in the fourth quarter driven by this go to school spending which is yet to keep to call for in september as as we expected but the drop in soft commodity prices the quote bully can be a meta gate and it is the fact of all food prices can be more prolonged than just the summer months. ok thank you thank you example you thank you for coming and

programming and sharing these thoughts but it's very much. now let's take a look at the markets oil is declining for the first time in five days that song concerning the failure to reach a deal on raising the u.s. debt ceiling may cause. the biggest consumer groups to fall folks like sweet and brant losing this hour in the red now gold prizes up surge to record highs as investors are seeking safe heaven in the debt jitters and global exchanges gold is trading at one thousand six hundred sixteen dollars per ounce and sober at more than forty dollars per ounce stocks in the u.s. open lower with the dow jones industrial average falling some one hundred thirty points in early trading down about one percent from the july twenty second close stock slip after congressional leaders failed to agree on a deal to raise the nation's debt limit to avoid default lawmakers hope to reach a compromise on sunday but those talks stalled airline stocks decline after severe cut to greece's credit ratings raised fears that the u.s.

could follow. in europe bank stocks leave markets lower as a for the downgrade of greece's rating prevent markets from extending a four sessions winning streak broccolis dropping cleanup percent in london and create a good coal fell two point three percent in paris and russia as dogs sang by the most in a week on monday i'm isaacs is down point nearly eight point seven percent this hour on the r.t.s. point three percent now all stocks are down on declining crude so our financial stocks. want to have percent lower telecom is slightly better than the markets and the stock fluctuating on its own the past couple of weeks ignoring market trends and polymath is up nearly two percent as the gold miner enjoys yet another record high price for gold. it's the second largest utility edison has renegotiated the pricing of its long term gas contracts with russia the italian company says it might be able to save up to two hundred eighty million dollars industry analysts

believe the agreement could have a wider impact on other european operators many of them are seeking to review goshi a long term gas contracts with suppliers from russia and. that's all we time for that's all the time we have in our business update is solid but you can always find most always on a website www dot com slash business thanks will. download the official auntie up location on the phone oh i pod touch from the top story.

which all teach life on the go. video on demand on t.v.'s money for old comforts an r.s.s. feeds now in the palm of your. questions on all t.v. dot com. would be soon which brightened if you knew about sums from funds to impressions. these funds stunts on t.v. don't come. wealthy british style.

has no time to experiment. with. markets why not scandals. find out what's really happening to the global economy in the cons a report on r g. welcome back here with. headlines. venting their fury in madrid over soaring unemployment and the government's handling of the struggling economy the protesters and choose the leaders of being dictated to by brussels on the i.m.f. but instead of focusing on people that's. across the atlantic the americas are rushing to reassure investors that it can stave off an ever encroaching default that's even though the president legislators continue to squabble over the fourteen

trillion dollar debt with. no way of silence to remember the ninety three victims of the. island you can the man who admits the attacks has been charged with terrorism and said his objective was to inflict the greatest possible loss on the governing. continues to wreck lives despite president obama's pledge to shut down the notorious prison many detainees released without charge have shed light on what really goes on that we spoke to one former prisoner who says the u.s. hasn't even given a simple apology for his years of torment. the united states held. them obey detention camp for five years before releasing him without charge mr quinn as have you ever been given an apology or an explanation by

the americans. and they did not boats even i don't think that they are going to apologize for anything you were arrested in pakistan in two thousand and one why were you there here in germany i saw the group it's called jamaat to be helping. young people who have problems with drugs or homeless people who has problems at all they always come from pakistan they have their own fault eighty million members it's i thing the biggest group and they are nonpolitical and they are against war of course and they also hate and by. taliban because they are against war but. when i went to pakistan i went to that to their school of jamal to me they have each year i guess between thirty and forty solvent.